Downing Street says Britons could struggle to access healthcare this winter, Tesla and Apple shares both fell because of production issues in China, and retail investors are pouring into risky commodities markets. Mentioned in this podcast: Downing Street admits Britons will struggle to access the NHS Tesla shares slide after deliveries fall short of Wall St expectations Apple’s market value falls below $2tn as tech rout hits iPhone maker Commodities trading boom raises fear of big losses ...
Jan 04, 2023•9 min•Transcript available on Metacast Economists say the UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, and The Netherlands may be the first country to hit the limits of growth. Plus, the FT’s Colby Smith explains how the Federal Reserve and other central banks settled on a 2 per cent inflation rate target. Mentioned in this podcast: UK faces worst and longest recession in G7, say economists The Netherlands may be the first country to hit the limits of growth Opinion: It is time t...
Jan 03, 2023•10 min•Transcript available on Metacast FTX founder Sam Bankman-Fried’s bail is set at $250mn, Wall Street stocks slide after a round of upbeat economic data was released, and the FT’s Andrew Edgecliffe-Johnson reflects on the year in corporate news. Mentioned in this podcast: FTX founder Sam Bankman-Fried to be released on $250mn bond Big investors warm to bonds after historic 2022 sell-off boosts yields US stocks sink after strong data support further monetary tightening The FT News Briefing is produced by Fiona Symon, S...
Dec 23, 2022•11 min•Transcript available on Metacast Big Tech groups are ditching offices that are part of their European headquarters to cut costs and Tesla has fallen below ExxonMobil in stock market value for the first time since 2020. Plus, the FT’s Claer Barrett explains how British families are coping with the sky-high cost of childcare. Mentioned in this podcast: US tech giants ditch European offices Money Clinic Podcast: Childcare in crisis Tesla share slide sends valuation below ExxonMobil The FT News Briefing is produced by Fiona S...
Dec 22, 2022•10 min•Transcript available on Metacast The Bank of Japan stunned markets with an unexpected change to its controversial yield curve control policy, and a group of FTX customers will try to secure quicker repayment for people who have money trapped with the defunct exchange. Plus, we take a look back at the biggest energy story of 2022. Mentioned in this podcast: Bank of Japan stuns markets with yield control policy change FTX clients to vie for priority payouts in US bankruptcy case The FT News Briefing is produced by Fiona Sy...
Dec 21, 2022•10 min•Transcript available on Metacast US regulators settled a record breaking case against the maker of video game Fortnite, a former Wirecard executive told a Munich court that the collapsed German payments company was a “sloppily done fraud”, and a boom in mainland Chinese family offices setting up in Singapore is drawing in thousands of financial professionals. Mentioned in this podcast: Epic Games pays FTC $520mn to resolve ‘Fortnite’ claims Wirecard was ‘sloppily done fraud’, chief witness tells Munich court Booming Chinese fam...
Dec 20, 2022•9 min•Transcript available on Metacast EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouring countries, the world’s largest investment banks for the first time will earn more dealmaking fees in India this year than in China, a new generation of artificial tasks is able to do more jobs that previously only humans could do. Mentioned in this podcast: Brussels agrees to world’s first carbon tax India’s plan to take on China as south Asia’s f...
Dec 19, 2022•10 min•Transcript available on Metacast Global stocks tumbled after a broad group of central banks raised interest rates, and nurses in England, Wales and Northern Ireland went on strike. Plus, Argentina’s World Cup success is temporarily distracting Argentinians from economic and political turmoil. Mentioned in this podcast: US and European stocks tumble as global outlook sours Ministers reject nurses’ pay demand amid historic strike World Cup: Lionel Messi mania diverts Argentina from its economic problems The FT News Bri...
Dec 16, 2022•9 min•Transcript available on Metacast The Federal Reserve slowed the pace of its interest rate increases, western sanctions are causing a steady degradation, rather than a dramatic collapse, of Russia’s economy, and billionaire Ray Dalio is teaming up with Titanic director James Cameron to invest in a luxury submarine maker. Mentioned in this podcast: Fed implements half-point rate rise as central banks enter new phase Russia’s wartime economy: learning to live without imports Bridgewater’s Ray Dalio invests in submarines for ...
Dec 15, 2022•9 min•Transcript available on Metacast US inflation slowed for the second month in a row, the US has formally charged former FTX chief executive, Sam Bankman-Fried, with criminal conspiracy and fraud, and US scientists have made a breakthrough in a powerful clean energy technology. Mentioned in this podcast: US accuses Sam Bankman-Fried of conspiracy and fraud after FTX collapse US shares and bonds surge as inflation hits lowest level since December 2021 How US scientists moved one step closer to dream of fusion power The FT News Bri...
Dec 14, 2022•9 min•Transcript available on Metacast Sam Bankman-Fried, the former chief executive of bankrupt crypto exchange FTX has been arrested in the Bahamas, Goldman Sachs is considering cutting hundreds of jobs, Belgian police raided a European parliamentary office in a widening corruption scandal involving World Cup host Qatar, and Germany’s reliance on Russian gas has exposed a weakness that could derail the country’s economic success. Mentioned in this podcast: FTX founder Sam Bankman-Fried arrested in the Bahamas Goldman consider...
Dec 13, 2022•11 min•Transcript available on Metacast Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences, European oil companies are attracting US investors who view them as cheap compared to American energy stocks, and Pegasus spyware maker NSO Group is betting that victory by Benjamin Netanyahu will restore its fortunes. Mentioned in this podcast: UK oil and gas licensing faces legal challenge from environment groups US fund managers cross Atl...
Dec 12, 2022•9 min•Transcript available on Metacast The US Federal Trade Commission says it will sue to block Microsoft’s $75bn acquisition of video game maker Activision Blizzard, and KLM’s chief executive has encouraged passengers to take the train rather than fly on some short-haul journeys. Plus, the FT’s John Paul Rathbone unpacks a military milestone in the Ukraine war. Mentioned in this podcast: FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard KLM chief encourages passengers to take the train to cut emissions Mi...
Dec 09, 2022•10 min•Transcript available on Metacast The US bond market is signalling that investors expect the Federal Reserve to stay the course in its battle to tame inflation, Peru’s congress impeached the country’s president just after he announced he was dissolving the legislature, and German police made arrests related to an alleged rightwing plot to overthrow the government. Plus, US supply chain disruptions have eased, which is helping to bring down inflation. Mentioned in this podcast: Bond market signals bets Fed will stand firm i...
Dec 08, 2022•10 min•Transcript available on Metacast US stocks slid and the price of Brent crude touched its lowest level since January, and China’s elderly are causing challenges for president Xi Jinping. Plus, the FT’s Alexandra Heal explains that more women in the UK are turning to sex work due to the struggling economy. Mentioned in this podcast: Brent crude oil falls below $80 for first time since January China’s elderly vaccine refuseniks pose obstacle for Xi Jinping The women turning to sex work to make ends meet The FT News Bri...
Dec 07, 2022•9 min•Transcript available on Metacast US stocks fell after new data showed the US services sector grew last month, PwC plans to take advantage of uncertainty at EY by poaching some of its rival’s most senior executives, and China is catching up to Europe in EV battery production. Plus, the FT’s Working It podcast host, Isabel Berwick, talks about a multi-part series on the four-day work week. Mentioned in this podcast: US stocks stumble after hotter than expected services data PwC targets rival EY in bid to expand partnership ...
Dec 06, 2022•10 min•Transcript available on Metacast EU and US officials meet today to discuss the effect Washington’s green subsidies plan is having on Europe and Opec is standing pat as the cartel awaits a price cap on Russian oil to go into effect. Plus, the FT’s Katie Martin explains how fund managers are struggling in the new era of higher interest rates. Mentioned in this podcast: Von der Leyen promises EU help for companies lured by US green subsidies Opec+ says ready to adjust oil output as Russia embargo looms A year of pain: invest...
Dec 05, 2022•11 min•Transcript available on Metacast Brussels is pushing EU member states to agree to a $60 ceiling on global purchases of Russian oil and emerging market stocks and bonds are staging a strong rebound. Plus, a push by the UN to tighten corporate rules around net-zero pledges is sending shudders through some boardrooms, and the world’s largest active volcano, Hawaii’s Mauna Loa, erupted this week after lying dormant for nearly 40 years. Mentioned in this podcast: Brussels seeks deal on $60 global price cap for...
Dec 02, 2022•11 min•Transcript available on Metacast Federal Reserve chair Jay Powell signalled the central bank will start to slow the pace of interest rate increases, French president Emanuel Emmanuel Macron is meeting with US president Joe Biden today, and Eurozone inflation finally slowed down. Plus, we get the latest on the fallout from the FTX crypto collapse. Mentioned in this podcast: Jay Powell signals Fed will slow pace of rate rises next month Emmanuel Macron to use US visit to highlight Ukraine war’s economic toll on EU Eurozone ...
Dec 01, 2022•9 min•Transcript available on Metacast China is enlisting the help of tech giants to reduce its dependence on foreign semiconductor technology, the Federal Reserve is divided over how much to raise interest rates, and private equity firms are selling an investment product similar to the collateralised debt obligations that fuelled the 2008 financial crisis. Mentioned in this podcast: Fed officials in danger of splitting on future rate rises, warn economists China enlists Alibaba and Tencent in fight against US chip sanctions&nb...
Nov 30, 2022•10 min•Transcript available on Metacast Europe is importing a record amount of seaborne Russian gas, and Rolls-Royce has successfully tested hydrogen instead of conventional jet fuel to power a modern aircraft engine. Plus, the FT’s Europe-China correspondent, Yuan Yang, explains why the protests in China are supported by a rare nationwide coalition of interests. Mentioned in this podcast: Europe’s imports of Russian seaborne gas jump to record high Rolls-Royce tests hydrogen-fuelled aircraft engine in aviation world first China...
Nov 29, 2022•10 min•Transcript available on Metacast Zero-Covid protests in Shanghai escalated on Sunday evening as police struggled to disperse large crowds who gathered in the city, and Iranian protests continue but businesses are reluctant to join. Plus, the FT’s Brussels bureau chief, Sam Fleming, discusses the EU’s latest refugee crisis. Mentioned in this podcast: China rocked by protests as zero-Covid anger spreads China’s zero-Covid protests create a rare nationwide coalition of interests The system is overwhelmed: Europe’s migrant in...
Nov 28, 2022•10 min•Transcript available on Metacast The FT’s chief economics commentator, Martin Wolf, discusses why geopolitics could be the biggest threat to globalisation. Mentioned in this podcast: Geopolitics is the biggest threat to globalisation The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley....
Nov 24, 2022•10 min•Transcript available on Metacast Mortgage rates in the UK on five-year fixed deals have dipped below 6 per cent for the first time in nearly two months, and US retailers are facing their first real-terms fall in revenues since the global financial crisis this holiday season. Plus, the FT’s gulf correspondent, Simeon Kerr, explains why there’s so much pressure on Qatar as the country hosts the World Cup. Mentioned in this podcast: Mortgage rates on five-year fixes tip below 6 per cent US retailers face first real-ter...
Nov 23, 2022•9 min•Transcript available on Metacast Austria’s central bank chief is calling for a third-straight 0.75 percentage point interest rate rise at the European Central Bank’s next meeting, Disney executives ousted Bob Chapek as CEO and re-installed Bob Iger, and oil prices had a hectic day yesterday but remain well below their summer peak. Plus, the UK’s appetite for bacon is back. Mentioned in this podcast: ECB’s Holzmann backs 0.75 percentage point increase in December Oil bounces off 10-month low after Saudi Arabia denies repor...
Nov 22, 2022•11 min•Transcript available on Metacast A report finds that large asset managers are invested in companies allegedly linked to the repression of Uyghur Muslims, and Lebanese households and businesses are installing renewables to bypass the country’s power crisis. Plus, the FT’s Kate Duguid explains why we’re starting to see cracks in the US Treasury bond market and whether there is cause for concern. Mentioned in this podcast: MSCI investors at risk of exposure to Xinjiang allegations, report says Lebanon’s failing state forces ...
Nov 21, 2022•11 min•Transcript available on Metacast The world’s largest cryptocurrency fund has become embroiled in the turmoil swirling around the troubled sector, Jeremy Hunt announces a £55bn fiscal squeeze as UK economic outlook darkens, and negotiators at the COP27 UN climate conference in Egypt burned the midnight oil to eke out an agreement before the conference closes today. Mentioned in this podcast: World’s largest crypto fund swept into FTX storm COP27 enters frenetic final stretch COP27: The loss and damage debate is intensifying Jere...
Nov 18, 2022•9 min•Transcript available on Metacast UK chancellor Jeremy Hunt is set to unveil a massive package of tax rises and spending cuts, crypto broker Genesis Trading suspended withdrawals, and Iraq is reeling from a massive corruption scandal. Mentioned in this podcast: Crypto broker Genesis Trading halts withdrawals at lending unit Hunt prepares bid to repair Britain’s tarnished economic reputation Iraq reels from $2.5bn tax ‘heist of the century’ FT Crossword app The FT News Briefing is produced by Fiona Symon, Sonja ...
Nov 17, 2022•10 min•Transcript available on Metacast A landmark tech regulation law goes into effect in Europe, Russia targeted Ukraine’s power infrastructure in an air raid, and the Japanese Yen is rebounding from 32-year lows. Mentioned in this podcast: Yen rebounds from 32-year lows on hopes for slower Fed rate rises Elon Musk’s Twitter on ‘collision course’ with EU regulators Military briefing: what’s next after Kherson The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Addi...
Nov 16, 2022•8 min•Transcript available on Metacast Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector. Mentioned in this podcast: Amazon prepares for mass job cuts in latest sign of Big Tech belt-tightening Google hit with its biggest US privacy penalty in $391.mn settlement Chinese property stocks soar on hopes of turning point for sector The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is ...
Nov 15, 2022•10 min•Transcript available on Metacast 
